Question
The Mundane County Council has the following information concerning the upcoming fiscal years budget: Planned Expenditure: $22,550,000 Sales Tax Revenue: $4,000,000 Total Market Value of
The Mundane County Council has the following information concerning the upcoming fiscal years budget:
Planned Expenditure: $22,550,000
Sales Tax Revenue: $4,000,000
Total Market Value of Property: $781,250,000
User Charge Revenue: $3,250,000
Income Tax Revenue: $1,600,000
Miscellaneous Revenue: $1,200,000
Assessment Ratio: 50%
What property tax rate does the council need to set to balance the budget? Express your answer as a percentage and round off to the nearest tenth (e.g., 5.7%): ______%
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Agile Governance And Audit An Overview For Auditors And Agile Teams
Authors: Christopher Wright
1st Edition
184928587X, 978-1849285872
